Obligation Iberdrola Energía 1.128% ( XS1837198156 ) en EUR

Iberdrola Energía

100 % ▲

Espagne

XS1837198156 ( en EUR )

1.128% par an ( paiement annuel )

13/06/2025 - Obligation échue

Prospectus brochure de l'obligation Iberdrola XS1837198156 en EUR 1.128%, échue

100 EUR

30 000 000 EUR

Iberdrola est une entreprise énergétique multinationale espagnole, l'une des plus grandes au monde, active dans la production, le transport et la distribution d'énergie, notamment éolienne, solaire et nucléaire.

L'Obligation émise par Iberdrola Energía ( Espagne ) , en EUR, avec le code ISIN XS1837198156, paye un coupon de 1.128% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 13/06/2025

FINAL TERMS
PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Notes are not intended, from 1
January 2018, to be offered, sold or otherwise made available to and, with effect from such date,
should not be offered, sold or otherwise made available to any retail investor in the European
Economic Area (EEA). For these purposes, a retail investor means a person who is one (or more) of:
(i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (MiFID II); (ii) a
customer within the meaning of Directive 2002/92/EC (the Insurance Mediation Directive), where that
customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II;
or (iii) not a qualified investor as defined in the Prospectus Directive. Consequently, no key
information document required by Regulation (EU) No 1286/2014 (the PRIIPs Regulation) for offering
or selling the Notes or otherwise making them available to retail investors in the EEA has been
prepared and therefore offering or selling the Notes or otherwise making them available to any retail
investor in the EEA may be unlawful under the PRIIPs Regulation.
MIFID II PRODUCT GOVERNANCE / Professional investors and ECPs only target market Solely
for the purposes of the manufacturers' product approval process, the target market assessment in respect of
the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and
professional clients only, each as defined in MiFID II; and (ii) all channels for distribution of the Notes to
eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or
recommending the Notes (a "distributor") should take into consideration the manufacturers' target market
assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market
assessment in respect of the Notes (by either adopting or refining the manufacturers' target market
assessment) and determining appropriate distribution channels.

Final Terms dated 11 June 2018
Iberdrola Finanzas, S.A.U.
(incorporated with limited liability in the Kingdom of Spain)
Issue of
30,000,000 Guaranteed Notes due 13 June 2025 (the "Notes")
Guaranteed by
Iberdrola, S.A.
Under the EUR 20,000,000,000
Euro Medium Term Note Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions of
Notes issued by Iberdrola Finanzas, S.A.U. set forth in the Base Prospectus dated 28 July 2017 and the
supplement to the Base Prospectus dated 16 March 2018, which together constitute a base prospectus for the
purposes of the Prospectus Directive (the Base Prospectus). This document constitutes the Final Terms of
the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in
conjunction with such Base Prospectus. Full information on the Issuer, the Guarantor and the offer of the
Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus. The
Base Prospectus and the Final Terms have been published on the website of the Luxembourg Stock
Exchange at www.bourse.lu. and are available for viewing at the registered office of the Issuer at Plaza
Euskadi 5, 48009 Bilbao, Spain, and of the Fiscal Agent at The Bank of New York Mellon, London Branch,

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One Canada Square, London E14 5AL, United Kingdom and copies may be obtained from the Fiscal Agent
at its aforementioned registered address.

1.
(i)
Series Number:
124
(ii)
Tranche Number:
1
(iii)
Date on which the Notes will be Not Applicable
consolidated and form a single
Series:
2.
Specified Currency or Currencies:
Euro ("")
3.
Aggregate Nominal Amount admitted to
trading:
(i)
Series:
30,000,000

4.
Issue Price:
99.866 per cent. of the Aggregate Nominal
Amount.
5.
Specified Denominations:
100,000
6.
(i)
Issue Date:
13 June 2018
(ii)
Interest Commencement Date:
Issue Date
7.
Maturity Date:
13 June 2025
8.
Interest Basis:
1.128 per cent. Fixed Rate (see item 12 below)
9.
Change of Interest Basis:
Not Applicable
10.
Put/Call Options:
Not Applicable
11.
Date Board approval for issuance of Notes 6 June 2018
obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
12.
Fixed Rate Note Provisions
Applicable
(i)
Rate of Interest:
1.128 per cent. per annum

payable in arrear on each Interest Payment Date
(ii)
Interest Payment Date(s):
13 June in each year commencing on 13 June
2019 up to and including the Maturity Date.
(iii)
Fixed Coupon Amount(s):
1,128 per Specified Denomination
(iv)
Broken Amount(s):
Not Applicable
(Applicable to Notes in definitive
form)
(v)
Day Count Fraction:
Actual/Actual(ICMA)

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(vi)
Determination Dates:
13 June in each year
13.
Floating Rate Note Provisions
Not Applicable
14.
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
15.
Call Option
Not Applicable
16.
Put Option
Not Applicable
17.
Change of Control Put:
Not Applicable
18.
Residual Maturity Call Option
Not Applicable
19.
Substantial Purchase Event
Not Applicable
20.
Final Redemption Amount
100,000 per Calculation Amount
21.
Early Redemption Amount

Early Redemption Amount(s) payable on
redemption for taxation reasons or on Event
of Default and/or the method of calculating
the same (if required or if different from that
set out in Condition 6):
As per Conditions
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22.
(a)
Form of Notes:
Bearer Notes:

Temporary Global Note exchangeable for a
Permanent Global Note exchangeable for
Definitive Notes in the limited circumstances
specified in the Permanent Global Note.
(b)
New Global Note:
Yes
23.
Financial Centre(s) or other special TARGET2 Business Days
provisions relating to Payment Dates:
24.
Talons for future Coupons to be attached to No
Definitive Notes:
25.
Consolidation provisions:
Not Applicable

Signed on behalf of the Issuer:
Signed on behalf of the Guarantor:
By:
................................................................
By:
.................................................................
Duly authorised
Duly authorised

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PART B OTHER INFORMATION

1.
LISTING
AND
ADMISSION
TO
TRADING
(i)
Listing:
Luxembourg
(ii)
Admission to trading:
Application has been made for the Notes to be
admitted to trading on the regulated market of the
Luxembourg Stock Exchange with effect from 13
June 2018
(iii)
Estimate of total expenses related to 5,600
admission to trading:
2.
RATINGS

Ratings:
The Notes to be issued have been rated:
Standard & Poor's Rating Services, a division of
the McGraw Hill Companies, Inc. (S&P): BBB+
(stable)
Moody's Investor Service Limited
(Moody's): Baa1 (positive)
Fitch Ratings Limited (Fitch): A- (stable)

S&P, Moody's and Fitch are established in the

European Union and are registered under
Regulation (EC) No. 1060/2009 (as amended). As
such, each of S&P, Moody's and Fitch is included
in the list of credit rating agencies published by the
European Securities and Markets Authority on its
website in accordance with such Regulation
(http://www.esma.europa.eu/page/List-registered-
and-certified-CRAs).
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
So far as the Issuer is aware, no person involved in the offer of the Notes has an interest material
to the offer. The Dealer and their affiliates have engaged, and may in the future engage, in
investment banking and/or commercial banking transactions with, and may perform other services
for, the Issuer and the Guarantor and its affiliates in the ordinary course of business. For the
purpose of this paragraph the term "affiliates" includes also parent companies.

4.
YIELD

Indication of yield:
1.128 per cent. per annum

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5.
OPERATIONAL INFORMATION
ISIN Code:
XS1837198156
Common Code:
183719815
Any clearing system(s) other than Euroclear Not Applicable
and Clearstream Luxembourg and the
relevant identification number(s):

Names and addresses of additional Paying Not Applicable
Agent(s) (if any):
Intended to be held in a manner which No
would allow Eurosystem eligibility:

6.
DISTRIBUTION

(a)
Method of distribution:
Non-Syndicated
(b)
If syndicated, name of relevant Not Applicable
Dealer:
(c)
Date of Agreement:
6 June 2018
(d)
Stabilisation Manager(s) (if any):
Not Applicable
(e)
If non-syndicated, name of relevant Natixis
Dealer:
(f)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D

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